ABSTRACT
There is no universally accepted definition of climate finance, with different international organizations offering varying interpretations. Nevertheless, common elements across these definitions focus on reducing emissions, enhancing greenhouse gas absorption, mitigating the negative impacts of climate change and improving resilience. For these reasons, climate finance can play a crucial role in supporting multiple Sustainable Development Goals (SDGs), particularly through promoting renewable energy, reducing poverty and advancing economic and social sustainability. However, inefficient use of climate funds can hinder SDG progress. Future research and practice must focus on ensuring global fairness in financial allocation, improving transparency and strengthening regulatory frameworks.
